China Orient Asset Management Co., Ltd. is a Chinese

state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...

. The company is an

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

company and a

merchant bank A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodi ...

originated as a

bad bank A bad bank is a corporate structure which isolates illiquid and high risk assets (typically non-performing loans) held by a bank or a financial organisation, or perhaps a group of banks or financial organisations. A bank may accumulate a large por ...

for the

Bank of China The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, repl ...

. The bank received shares from

debt-to-equity swap Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue ...

non-performing loan A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and ...

s. The corporation runs in two major business units since 2006, one for general commercial activities (), one for the management of the shares that converted from non-performing loans (), which was classified as assets under management. In 2016 the corporation was re-incorporated as a "company limited by shares" (): China Orient Asset Management Co., Ltd. () from China Orient Asset Management Corporation (COAMC, ). the National Social Security Fund and the Ministry of Finance were the shareholders. According to the company's news press, as at 30 June 2016 its net assets stood at . The former non-performing assets under management were converted to share capital, raising from to .

History

Founded as a bad bank of

, Orient Asset also received Bank of China's asset management subsidiary Bangxin Asset Management in 2000, which itself was incorporated in 1994 as a subsidiary of BoC Shenzhen branch. In 2015 the group expanded as a full service financial conglomerate by acquiring the

Bank of Dalian Bank of Dalian Co., Ltd. is a Chinese urban commercial bank, with its headquarters in Dalian, Liaoning Province, China. On March 28, 1998, it was established as Dalian City Commercial Bank and opened its branches only in Dalian. In 2007, it change ...

Subsidiaries

* Doho Data Consulting Company * Dong Yin Development (Holdings) (100%) ** Wise Leader Assets (100%) ** China Orient Asset Management (International) Holding (, 100%) *** China Orient Ruichen Capital (, 40%) *** China Orient Summit Capital International (, 40%) **** China Orient Summit Capital Special Situations Fund (100%) * Charming Light Investments (SPV for

dim sum bond Dim sum bonds are bonds issued outside of China but denominated in Chinese renminbi, rather than the local currency. They are named after dim sum, a popular style of cuisine in southern China. History and use The first dim sum bond was issued b ...

) * Bangxin Asset Management (100%) *

(39.70%) * China United Insurance Holding (51.01%) *

Dongxing Securities Dongxing Securities Co., Ltd. is a Chinese investment bank and brokerage firm. The firm was a constituent of SSE 50 Index (since 28 November 2016) and CSI 100 Index.

(58.09%, ) * (a

Credit rating A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. ...

service provider)

Portfolio companies

Baiyin Nonferrous Baiyin Nonferrous Group Co., Ltd. known also as BNMCAcronym of Baiyin Nonferrous Metal Corporation is a Chinese company based in Baiyin, Gansu Province, China. The company was the main copper supplier in China. Since 15 February 2017, Baiyin Nonf ...

(0.63%) *

Dongbei Special Steel Dongbei Special Steel Group Co., Ltd. is a state-owned enterprise based in Dalian, Liaoning Province (the south most city of Northeastern China or ''Dongbei''). It was owned by State-owned Assets Supervision and Administration Commission (SASAC) ...

(16.6740%) *

Meishan Iron and Steel Shanghai Meishan Iron and Steel Co., Ltd., known as Meishan Iron and Steel, or Meisteel or Meigang () is a second-tier subsidiary of Baowu (formerly known as Baosteel Group) and a first-tier subsidiary of listed company Baoshan Iron and Steel Co ...

(7.02%) * Shandong Jining Ruyi Woolen Textile (12.24%, ) * (via COS Greater China Special Situations Fund for 18.17%, ) *

Tianjin Pipe Corporation Tianjin Pipe (Group) Corporation Limited known as Tianjin Pipe () or its abbreviation TPCO, is the largest stemless steel pipe maker of China as well as one of the largest in the world. History The predecessor of Tianjin Pipe was founded on 11 D ...

(3.03%) *

Xishan Coal Electricity Group Xishan Coal Electricity (Group) Co., Ltd. is a subsidiary of state-owned coal and coke conglomerate Shanxi Coking Coal Group (for 52.34% stake). The subsidiary is based in Taiyuan, Shanxi. The company was the parent company of listed company Xish ...

(5.67%)

Former portfolio companies

* China Kejian Co., Ltd. () *

Dongfeng Motor Group Dongfeng Motor Group Co., Ltd. known also as DFG is a Chinese holding company based in Wuhan, Hubei. Its H shares were listed on the Hong Kong stock exchange. Dongfeng Motor Group formed several joint ventures with other foreign automobile make ...

(2001–2004) *

Rising Nonferrous Metals Rising may refer to: * Rising, a stage in baking - see Proofing (baking technique) *Elevation * Short for Uprising, a rebellion Film and TV * "Rising" (''Stargate Atlantis''), the series premiere of the science fiction television program ''Starga ...

()

References

External links

* {{authority control Companies based in Beijing Investment management companies of China Financial services companies of China Government-owned companies of China